Johana Obando, a congresswoman from the Central American country of Costa Rica, has introduced a bill to Congress requesting the government to regulate the crypto market and cut taxes on cryptocurrencies, making Costa Rica a cryptocurrency-friendly country.
The bill proposes that the Costa Rican government recognize cryptocurrencies and allow people to hold, trade freely, and spend cryptocurrencies.
Johana Obando mentioned on his official Twitter that Cryptoassets Market Law (MECA) will “protect individual virtual private property, self-custody, and decentralization of crypto assets” from the country’s central bank – but in “perfect harmony” with it “.
Johana Obando, along with members of Congress Luis Diego Vargas and Jorge Dengo, proposed that Costa Rican citizens should not be taxed on goods purchased using cryptocurrencies, and the government should not tax cryptocurrencies generated from mining, but that profits from…
